Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.1% Yield

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Go back to Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.1% Yield

Northeast Bank Reports Fourth Quarter Results and Declares Dividend

July 24, 2023 4:16 PM EDT

PORTLAND, Maine, July 24, 2023 (GLOBE NEWSWIRE) -- Northeast Bank (the Bank) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $12.1 million, or $1.61 per diluted common share, for the quarter ended June 30, 2023, compared to net income of $10.3 million, or $1.35 per diluted common share, for the quarter ended June 30, 2022. Net income for the year ended June 30, 2023 was $44.2 million, or $5.96 per diluted common share, compared to $42.2 million, or $5.34 per diluted common share, for the year ended June 30, 2022.

The Board of Directors declared a cash dividend of $0.01 per share, payable on August 23, 2023, to shareholders of record as of August... More